CHICAGO, Nov. 9, 2016 – Cushman & Wakefield has represented Universal Beauty Products Inc. in the purchase of a 94,682-square-foot industrial facility located at 221 Covington Drive in the western Chicago suburb of Bloomingdale. The recently-renovated facility is near Universal Beauty Product’s headquarters in Glendale Heights, and will accommodate the company’s continued growth in the Chicago market.
Universal Beauty Products was represented in the transaction by Cushman & Wakefield Senior Director Eric Fischer and Executive Directors Keith Puritz and Brett Kroner. The seller, High Street Realty Company, LLC, was represented by Jeff Fischer and Adam Naparsteck of NAI Hiffman.
Located in the highly desirable Central DuPage submarket within the Covington Corporate Center business park, 221 Covington Drive offers 19,115 square feet of premium Class A office space, 25-foot clear heights, five enclosed truck docks, 155 parking spaces, T-5 lighting and an ESFR sprinkler system.
“The Central DuPage submarket is incredibly tight right now, presenting very few opportunities for end-users to acquire high-end, sizable industrial facilities,” said Fischer. “Universal Beauty Products will benefit from the property’s recent state-of-the-art renovations, close proximity to an abundance of retail and restaurant options, convenient access to several highways and its central location in one of Chicago’s most sought after industrial corridors.”
According to Cushman & Wakefield Research, the Central DuPage industrial submarket currently has an overall vacancy rate of 6.7%, dropping from 7.2% in the second quarter of 2016.
About Cushman & Wakefield
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